Sir Mel Stride

Sir Mel Stride

Conservative — Central Devon

Speaking in the House of Commons on 27 November 2025

Debate

Budget Resolutions

Contribution

I will in a moment. It is there in black and white in the OBR’s report. The reason for that forecast is £26 billion of additional taxation in 2029-30, and, as the Parliamentary Secretary to the Treasury will know, an additional £12 billion of tax take that will occur because of fiscal drag. Those higher inflationary numbers in the forecast are dragging ever more people into paying ever more tax.

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